Suraj Bhakta
Four Frontiers: Looking Ahead to the AI Transformation of Hospitality
AI is transforming entire industries and sectors, and the hotel industry is no different. With the potential to revolutionize how hotels operate and interact with guests, AI offers unprecedented opportunities for efficiency, personalization, and...
Routes to ROI: Financial Considerations Behind New Build and Conversion Options
In today’s commercial real estate landscape, buyers and sellers are at odds in terms of their price points and expectations. Many sellers are reluctant to sell because they are in a loan that was...
Finding the Right Broker: 5 Qualities That Make for an Effective Partnership
Understanding what you need from your hotel broker is paramount to securing a smooth transaction at an optimal price. Essentially, your broker is the captain of your transaction ship, and finding the right one...
Three Key Practices for a Strong Loyalty Program
Today’s traveler has an abundance of lodging choices. With customer loyalty playing an integral role in a hotel’s operations, getting it right can mean all the difference, especially for smaller, boutique brands. When successful,...
The Lending Landscape: Best Practices to Obtain Funding Amid a Hotel Financing Slowdown
With interest rates not expected to decline until mid- to late 2024, hoteliers are still navigating market conditions that are characterized by a higher debt-cost reality, fewer active lenders, and struggling debt coverage ratios....